CryptoWinters seems to stay longer than expected affecting various crypto formats. The two most favored stablecoins; Tether (USDT) and USD coin (USDC) have started to show a downfall in the market aga...
Tag: Stablecoin
Seattle-Based Fintech Company to Launch A New Stablecoin on Ripple XRP Ledger (XRPL)
– Advertisement – XRPL bags another adoption from a top fintech company. Stably, a Seattle-based web-3 fintech company has partnered with Ripple to issue its stablecoin on the XRP Ledger...
Waves Founder Defends USDN Stablecoin Depegging, Trashes Fears of a UST-Like Implosion; Bitcoin Burrows in Above $20K
With Ethereum’s long-awaited transition to proof-of-stake (PoS) fast approaching, blockchain analytics firm Coin Metrics is out with a new report explaining the move, along with data that provid...
Stablecoin Providers Own More US Debt Than Warren Buffett’s Berkshire
A JP Morgan report published this month has revealed that stablecoin issuers such as Tether (USDT), Circle, and other stablecoin firms controlled more Treasury bills compared to Warren Buffett’s Berks...
Buterin makes the case for alternative stablecoin technology in high inflation environment
Vitalik Buterin said the cryptocurrency industry would benefit from developing new forms of stability away from dollar-pegged stablecoins. Responding to Coinbase CEO Brian Armstrong, who asked if ther...
Leading Fintech Company Adopts Cardano Stablecoin (Djed) As a Payment Option
– Advertisement – Jara Network Partners COTI Network to Use Cardano Stablecoin (Djed) As a Payment Option Another leading fintech company adopts Cardano stablecoin as a payment solutio...
Tether Denies Claims of Inadequate Stablecoin Reserves
Altcoin News The firm disclosed the intention to provide monthly updates on the financial reserves. It denied the article’s assertions that the company is losing money. As Tether put it, “unsubstantia...
Stablecoin Issuer Tether Responds to Accusations of Having Insufficient USDT Reserves
The issuer of stablecoin Tether (USDT) is denying a report that appeared in the Wall Street Journal claiming that the dollar-pegged crypto asset is insufficiently backed. While branding the report as ...
Tether Refutes Allegations Of Inadequate Stablecoin Reserves
Responding to claims that the stablecoin is not adequately backed by reserves, Tether described the allegations as ‘unsubstantiated conclusions’. After a Wall Street Journal article said there were do...
Bitcoin Stablecoin Supply Ratio Is Approaching A “Buy” Signal
On-chain data shows the recent trend in the Bitcoin Stablecoin Supply Ratio may suggest the crypto could see a buy signal soon. Bitcoin Stablecoin Supply Ratio RSI 14 Is Near A “Buy” Signal As explain...
Itau Unibanco Selected by Central Bank of Brazil to Build Real-Pegged Stablecoin Solution – News Bitcoin News
Itau Unibanco, one of the biggest bank conglomerates in Brazil, has been selected by the country’s central bank to develop a system with a stablecoin pegged to the value of the Brazilian real. Itau’s ...
Acala Stablecoin (ausd) Now Trading At $0.70 After Depegging From USD
– Advertisement – Acala’s Stablecoin Falls by 3.65% In 24 Hours. Several stablecoins have had a horrible year sustaining their US dollar value peg, and Acala network’s aUSD is no differe...
Step aside, Warren Buffett; stablecoin issuers hold more US debt than Berkshire Hathaway
Warren Buffett raised eyebrows this week when his firm, Berkshire Hathaway, upped its exposure to United States Treasury bills. If you’re one of the few remaining bulls out there, Buffett’s flight to ...
Waves-backed stablecoin USDN breaks peg again amid protocol upgrade
As the crypto community tries to navigate the bear market and recover from the onslaught brought about by stablecoin incidents like the Terra crash, another algorithmic stablecoin shows signs of strug...
USDC Stablecoin Now Accepted on Travala Through Polygon Network
7 hours ago | 2 mins read Altcoin News Reddit’s NFTs, dubbed “Collectible Avatars,” are going to be minted on Polygon. The stablecoin may be used to buy over 3 million different kinds of travel servic...
USDN Stablecoin Loses $1 Parity Yet Again This Year
11 seconds ago | 2 mins read Altcoin News The price declined to $0.82 in May and again to roughly $0.93 in June. As rumors of market manipulation spread in April, the USDN dropped to $0.78. Another al...
Stablecoin Vs Fiat Currencies: Features, Difference, And Factors
Stablecoins are digital currencies that are linked to a “stable” reserve asset, such as the US dollar or other national currencies. Stablecoins, as opposed to unpegged cryptocurrencies like Bitcoin, a...
DAM Finance Closes $1.8M Pre-Seed Funding Led by DFG, Jsquare for Cross-Chain, Portfolio-Backed Stablecoin
– Advertisement – DAM Finance, a protocol for creating purchasing power from cross-chain token portfolios, closed a $1.8 million pre-seed funding round led by Digital Finance Group (DFG) a...
Stablecoin Issuer Tether Won’t Freeze Tornado Cash Addresses, Says Premature Freezing Could Jeopardize Investigations – Bitcoin News
While the crypto community is still talking about the U.S. government banning the ethereum mixing platform Tornado Cash, the stablecoin issuer Tether Holdings Limited revealed on Wednesday that the co...
What a Rising Dollar Means for Global Stablecoin Adoption
Dollar dominance remains strong as Euro falls below parity with USD. If the uncertainty persists and USD continues to appreciate against other fiat currencies, it might have an effect on regulatory re...
Justin Sun’s Concerns Regarding Tron Stablecoin USDD Skepticism
The fall of Terra (LUNA) network is such an instance that someone within crypto space could hardly forget. Depegging of Terra’s algorithmic stablecoin UST resulted in collapse of the entire ecosystem....
EU Stablecoin Ban Would Cause “Extreme Volatility,” Lobbyists Warn
Key Takeaways Blockchain for Europe and the Digital Euro Association have sent a letter to the EU Council warning against the potential impact the proposed MiCA legislation could have on crypto. The l...
Whales Stablecoin Holding Drop to Its Lowest
As the cryptocurrency market rebounded from its most recent crash, reports claim that the stablecoin inflow and exchange reserves have decreased dramatically. However, the stablecoin holding in the wh...
Circle Led USDC Stablecoin Held by Large Whales Plummet
Altcoin News The top 1% of addresses recently controlled 87.667% of all USDC. On-chain statistics show a sell-off of USDC over the previous two weeks. As the bear market in cryptocurrencies continues,...
Is Tron’s New Stablecoin the Next UST? Crypto Billionaire Justin Sun Makes Case for USDD
Tron founder Justin Sun is making the case for why Decentralized USD (USDD) is different than Terra’s failed decentralized UST stablecoin. In an interview with CoinGecko, Sun says that USDD, Tron’s al...
Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin
According to a new post by Acala Network co-founder Bette Chen, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin. Acala is a decentralized finance platform built on th...
Justin Sun claims algorithmic stablecoin USDD is safer, more secure than Terra’s UST
Justin Sun believes Tron-native stablecoin USDD is inherently safer and more secure than Terra’s UST. On May 9, UST lost its dollar peg setting off a collapse in its pegging asset, Terra LUNA. This tr...
Stablecoin issuers hold more US debt than Berkshire Hathaway: Report
Stablecoin issuers like Tether (USDT) and Circle have accumulated a significant share in the United States Treasury market, outperforming major traditional finance players. Various stablecoin provider...
Frax founder says Fei Protocol situation reaches ‘new low for DeFi’
Sam Kazemian, founder of the stablecoin project Frax, expressed dismay at the way the sunsetting of the Fei Protocol and its hack redemption strategy is being handled. The main issue appeared to be th...
Top Stablecoin Tether (USDT) Slashes Commercial Paper Holdings, Increases Cash and Bank Deposit Reserves
In accordance with promises it made earlier this year, top stablecoin issuer Tether (USDT) has begun to slash its commercial paper holdings. In the second quarter of 2022, Tether reduced its commercia...
Top Decentralized Stablecoin Fei (FEI) Might Be Shut Down Soon
Vladislav Sopov Fei (FEI), one of largest decentralized stablecoins, might cease its operations: Fei Labs founder releases compensation proposal Contents Fei (FEI) stablecoin project closing; Fei Labs...